Question
Jupiter Explorers has $10,000 in sales. The profit margin is 3 percent. There are 5,500 shares of stock outstanding, with a price of $1.60 per
Jupiter Explorers has $10,000 in sales. The profit margin is 3 percent. There are 5,500 shares of stock outstanding, with a price of $1.60 per share. What is the company's priceearnings ratio?
a) 27.27 times
b) 29.33 times
c) 14.67 times
d) 8.73 times
e) 8.16 times
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
